Global Frozen Bakery Market Size, Share, Growth Analysis, By Product(Bread, Cakes & Pastries), By Distribution Channel(Supermarkets & Hypermarkets, Convenience Stores) - Industry Forecast 2024-2031

Global Frozen Bakery Market size was valued at USD 42.95 billion in 2022 and is poised to grow from USD 44.75 billion in 2023 to USD 62.20 billion by 2031, growing at a CAGR of 4.20% during the forecast period (2024-2031).

The popularity of frozen baked products is growing, largely due to its positive characteristics, such as their price, ease of preparation, and accessibility. Frozen bakery goods are more widely used in comparison to traditional ones as they have a longer shelf life. Due to its easy defrost and baking abilities, there is an increase in demand, which supports market growth. These foods provide quick service without sacrificing flavor or freshness. In-store bakeries, coffee shops, fuel stations and quick-service restaurants are just a few of the establishments that buy these products from producers. The demand for frozen bakery is further anticipated to increase because of the year-round availability of these products.

The fast-food sector has expanded as a result of improvements in food processing techniques. The market for frozen baked goods is expected to rise as a result of a growing number of fast-food outlets and restaurants that cater to people who don't have time to prepare meals at home. In addition to the rising consumption of fast food, on-the-go eating is becoming more and more popular. The popularity of ready-to-eat meals will increase as people's lives get busier, promoting the expansion of the business in its entirety.

As technology in the bakery industry advances, frozen bakery items, including bread, are being manufactured at a rapid pace, giving consumers and companies the access to delicious and handy goods. The only equipment needed to prepare frozen baked goods is a basic oven or proofer; they don't need sophisticated facilities or specialized machinery. Bread can also only be baked when there is a shortage or when it is necessary. This factor is anticipated to force commercial bakery producers to make par-baked goods or frozen dough due to benefits like a smaller carbon footprint and less waste output, which may encourage market growth in the years to come.

The majority of clients choose freshness over price when buying bakery products. The belief that packaged food is unhealthy causes a substantial fraction of people to avoid precooked or ready-to-eat items. Large levels of harmful carbohydrates and fats are included in the majority of frozen bakery items. Frequently, partly hydrogenated oil that contains trans fats is used in the manufacturing of numerous frozen foods. The risk of high blood pressure and heart attacks increases with frequent eating of such foods. As a result, it is projected that growing health concerns would be a major barrier.

US Frozen Bakery Market is poised to grow at a sustainable CAGR for the next forecast year.